Russian IP Court Stores Copyright Data On Blockchain

The Russian Intellectual Property (IP) court has successfully used a blockchain-based solution for storing copyright data. The court used blockchain solution provider IPChain‘s system to record a change in rights holder data of an IP thus saving the data on the decentralized ledger permanently.
The court will expand its technical support, hoping to have all legal disputes settled online within the next five years. The immutable and fast characteristics of decentralized technology make it the perfect tool in an environment where IP rights being kept up to date is crucial.
Russia is working seriously on deploying blockchain solutions for a number of different sectors. It recently announced a national level partnership with India to work on a number of technologies that include blockchain.
A major Russian bank, Sberbank, is partnering with state-run energy provider Rosseti to promote blockchain. Even the Russian State Nuclear Corporation is looking into developing a blockchain based system to make their operations more efficient.